Chemical technology group Accsys reported Monday a 10% rise in revenue in the five months through August on increased production volumes.
'I am pleased to report that total revenue for the five months to 31 August 2018 increased by 10% to €26.7m,' said Chief Executive, Paul Clegg.
Accoya production volumes increased to 16,918 cubic metres in the first half of the year, up from 16,124 cubic metres a year earlier , though current existing capacity in Arnhem remained constrained.
The company said it had commissioned its the third Accoya reactor in Arnhem and carried out planned gradual production volume increases since July.
'Demand continues to exceed our current production levels and we therefore expect production and sales volumes to increase substantially over the remainder of the financial year,' the company said.
The company said it made good progress on the construction of the Tricoya plant in Hull, with completion expected in mid-2019.
At 10:25am: (LON:ASX) share price was +7.72p at 4044.71p